In times of energy transition, decarbonization targets and public demand for denuclearization, the European energy sector has experienced – and will continue to experience – significant economic and technical transformation over the past several years and the years to come.
The sector is transitioning to a higher share of renewable energy following the objectives set by the European Union, with a targeted share of at least 32% of electricity generated from renewables by 2030. Renewable energy generation is projected to account for more than 50% of total power generation after 20351.
1 McKinsey, Global Energy Perspective 2019